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FINANCIAL NEWS
Aamal Company net profit hits USD65 m
31 Oct 2013
(MENAFN) Qatari Aamal Company announced a net profit increase in the first nine months of this year, The Peninsula Qatar reported.
The company said that net profit in the period jumped to USD65.86 million from USD54.75 million in the same period last month.
The company said revenue in the period fell to USD411.6 million, registering a 2.4 percent drop and reflecting delays in projects and a deferment of orders from an existing client, but sales in the third quarter increased 18.1 percent.
Chairman of Aamal said: “For the first nine months of 2013, Aamal has managed to grow its earnings per share in excess of 21 percent, which is a wonderful result.”
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